systematically different pattern of fiscal outcomes. This article attributes these differences to the low credibility of electoral …. The costs of building credibility are endogenous and lead to higher targeted transfers and corruption and lower public … good provision. The analysis demonstrates that in low-credibility states, political appeals to patron-client networks may …

information and politician credibility. Parties organized around particular individuals, rather than around policy labels or a … voter information and political credibility, and to limit political budget cycles. Previous research has also shown larger …

-electoral transfers in a world of full political credibility. The enforcement of a prohibition on vote-buying reduces the welfare of those …

. Politicians can overcome their credibility deficit in two ways. First, they can build reputations by undertaking costly actions … credibility in this way, we find that targeted transfers and corruption are higher and public good provision lower than in … political credibility, political reliance on patrons enhances welfare in the short-run, in contrast to the traditional view that …

effect on the credibility of exchange rate pegs. Conversely, Keefer and Stasavage argue that central bank independence does …

coups. But while reducing the risk of conflict overall, increasing credibility can, over some range, worsen the effects of … natural resources and ethnic fragmentation on civil war. Empirical tests using various measures of political credibility …

their credibility deficit in two ways. First, they can build reputations. This requires that they fulfill preconditions that … their clients. Endogenizing credibility in this way, the authors find that targeted transfers and corruption are higher and … authors also argue that in the absence of political credibility, political reliance on patrons enhances welfare in the short …